Money and Interest in a Cash-in-Advance Economy
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In this paper we analyze an aggregative general equilibrimi model in which the use of money is motivated by a cash-in-advance constraint, applied to purchases of a subset of consumption goods. The system is subject to both real and monetary shocks, which are economy-wide and observed by all. We
本文分析了一个总量一般均衡模型，其中货币的使用由预付现金约束（cash-in-advance constraint）驱动，该约束适用于一部分消费品的购买。该系统受到全经济范围且为所有人所观测到的实际冲击和货币冲击的影响。我们
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美国国家经济研究局创建时间：
1985-05-01
